Question: the last answer is wrong please solve the last one Assume Deniz constructs a portfolio with weights of 0.60 in stocks and 0.40 in bonds.

the last answer is wrong please solve the last one
the last answer is wrong please solve the last one Assume Deniz
constructs a portfolio with weights of 0.60 in stocks and 0.40 in

Assume Deniz constructs a portfolio with weights of 0.60 in stocks and 0.40 in bonds. There is a 0.3 chance that a recession will occur, with stocks earning a 6% return and bonds earning a 14% return. There is a 0.6 chance that the economy will return to normal, in which case stocks will return 15% and bonds would return 11\%. Finally, there is a 0.1 chance that a boom will occur, in which case equities will gain 24% and bonds will yield 5%. a. Calculate the rate of return on Deniz's portfolio in each scenario? (Enter your answer as a percent rounded to 1 decimal place.) b. Calculate the expected rate of return and the standard deviation of Deniz's portfolio, (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Answer is complete but not entirely correct

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